In yesterday’s Wall Street session, Asana Inc. (NYSE:ASAN) shares traded at $21.00, down -3.23% from the previous session.
15 analysts cover Asana Inc. (NYSE:ASAN), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $10.00, we find $24.00. Given the previous closing price of $21.70, this indicates a potential upside of 10.6 percent. ASAN stock price is now 2.95% away from the 50-day moving average and 13.36% away from the 200-day moving average. The market capitalization of the company currently stands at $4.67B.
The stock has received a hold rating from 9 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $23.69 as their price target over the next twelve months.
With the price target maintained at $21, DA Davidson recently Downgraded its rating from Buy to Neutral for Asana Inc. (NYSE: ASAN).
In other news, Moskovitz Dustin A., President, CEO, & Chair bought 80,000 shares of the company’s stock on Jun 29. The stock was bought for $1,807,200 at an average price of $22.59. Upon completion of the transaction, the President, CEO, & Chair now directly owns 39,912,803 shares in the company, valued at $838.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 29, Chief Financial Officer Wan Tim M sold 5,000 shares of the business’s stock. A total of $113,450 was realized by selling the stock at an average price of $22.69. This leaves the insider owning 787,069 shares of the company worth $16.53 million. Insiders disposed of 369,657 shares of company stock worth roughly $7.76 million over the past 1 year. A total of 31.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ASAN stock. A new stake in Asana Inc. shares was purchased by WESTERLY CAPITAL MANAGEMENT, LLC during the first quarter worth $8,400,000. STANLEY-LAMAN GROUP, LTD. invested $7,628,000 in shares of ASAN during the first quarter. In the first quarter, UBS OCONNOR LLC acquired a new stake in Asana Inc. valued at approximately $4,725,000. TWINBEECH CAPITAL LP acquired a new stake in ASAN for approximately $4,032,000. SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) purchased a new stake in ASAN valued at around $2,810,000 in the second quarter. In total, there are 310 active investors with 48.10% ownership of the company’s stock.
On Thursday morning Asana Inc. (NYSE: ASAN) stock kicked off with the opening price of $21.11. During the past 12 months, Asana Inc. has had a low of $11.32 and a high of $29.51. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.90, and a quick ratio of 1.90. The fifty day moving average price for ASAN is $20.47 and a two-hundred day moving average price translates $18.51 for the stock.
The latest earnings results from Asana Inc. (NYSE: ASAN) was released for Apr, 2023. According to the Software – Application Company, earnings per share came in at -$0.09, beating analysts’ expectations of -$0.18 by 0.09. This compares to -$0.52 EPS in the same period last year. The net profit margin was -64.00% and return on equity was -124.30% for ASAN. The company reported revenue of $152.41 million for the quarter, compared to $120.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.33 percent. For the current quarter, analysts expect ASAN to generate $157.91M in revenue.
Asana Inc.(ASAN) Company Profile
Asana, Inc., together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; and manages product launches, marketing campaigns, and organization-wide goal settings. The company serves customers in various industries, such as technology, retail, education, non-profit, government, healthcare, hospitality, media, manufacturing, professional services, and financial services. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
